CWB Announces Election of Directors

EDMONTON, ALBERTA--(Marketwired - March 4, 2016) - Canadian Western Bank (TSX:CWB) today announced that all nominees listed in the management proxy circular dated January 4, 2016 were elected as directors of CWB. Detailed results of the vote for the election of directors held yesterday in Edmonton at CWB's Annual General Meeting are set out below.

Election of Directors

On a vote by ballot, each of the 11 nominees proposed by management was elected as a director of CWB:

Nominee

Votes For

% For

Votes Withheld

% Withheld

Albrecht W.A. Bellstedt, Q.C.

36,991,820

87.16

5,449,074

12.84

Andrew J. Bibby

41,795,915

98.48

644,979

1.52

Christopher H. Fowler

42,103,486

99.20

337,408

0.80

Linda M.O. Hohol

41,560,094

97.92

880,800

2.08

Robert A. Manning

38,854,023

91.55

3,586,871

8.45

Sarah A. Morgan-Silvester

42,252,400

99.56

188,494

0.44

Robert L. Phillips, Q.C.

39,435,224

92.92

3,005,670

7.08

Raymond J. Protti

41,599,342

98.02

841,552

1.98

Ian M. Reid

41,006,111

96.62

1,434,783

3.38

H. Sanford Riley

40,496,636

95.42

1,944,258

4.58

Alan M. Rowe

41,342,302

97.41

1,098,592

2.59

About Canadian Western Bank Group

CWB Group (CWB) is a diversified financial services organization serving businesses and individuals across Canada. Operating from its headquarters in Edmonton, Alberta, CWB's key business lines include full-service business and personal banking offered through 41 branches of Canadian Western Bank and Internet banking services provided by Canadian Direct Financial (CDF). Highly responsive specialized financing is delivered under the banners of CWB Equipment Financing, National Leasing, CWB Maxium Financial and CWB Optimum Mortgage. Trust Services are offered through Canadian Western Trust. Comprehensive wealth management offerings are provided through CWB Wealth Management, which includes the businesses of Adroit Investment Management, McLean & Partners Wealth Management and Canadian Western Financial. As a public company on the Toronto Stock Exchange (TSX), CWB trades under the symbols "CWB" (common shares) and "CWB.PR.B" (Series 5 Preferred Shares). Learn more at www.cwb.com.